KDIC is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.

Duties and Responsibilities:

• Coordinate the formulation and review of policies, guidelines, procedures, and tools for on-site and off-site examination of commercial and microfinance banks licensed by the Central Bank of Kenya (CBK) to detect potential distress early.
• Coordinate the implementation and review of strategies, guidelines, and procedures for stress testing of banks to identify potential distress early.
• Develop strategies, methodologies, and guidelines for incentivizing sound risk management in commercial and microfinance banks regulated by CBK.
• Supervise the implementation and review of policies, strategies, and frameworks to enhance financial soundness and minimize risks in the banking system.
• Coordinate policies and strategies for Systemic Impact Assessment and Viability Assessment of banks to plan for prompt resolution of problem banks.
• Lead the development, implementation, and review of policies for financial crisis preparedness and management in commercial and microfinance banks.
• Supervise the development, implementation, and review of Bank Resolution Planning and Resolvability Assessment policies for problem banks.
• Coordinate the use of innovation, technology, and business process re-engineering to improve service delivery and address emerging trends in bank examination and risk management.
• Manage the planning and execution of on-site and off-site examination schedules for banks.
• Oversee the preparation and access of relevant bank examination reports for policy and guideline development.
• Implement procedures for risk-based assessment, rating, and reporting of banks.
• Coordinate stress testing activities for commercial and microfinance banks.
• Conduct training and capacity-building programs on crisis preparedness and management.
• Supervise data analysis and reporting on the financial performance of banks.
• Manage dispute and complaint resolution processes to protect the Corporation’s interests.
• Implement data protection and management processes in accordance with approved policies.
• Articulate the Corporation’s mandate in industry forums and stakeholder engagements.
• Manage day-to-day operations of the Department and develop strategic objectives.
• Oversee the implementation and review of performance management systems.
• Draft policy proposals, responses, and position papers on bank examination and resolution.
• Foster collaborations and partnerships with stakeholders and relevant entities.
• Implement Board resolutions and internal and external audit recommendations.
• Provide regular reports and updates to senior management.
• Appraise the performance of departmental staff and oversee their training and development.
• Implement change management and business process re-engineering initiatives.
• Develop and enforce internal monitoring and control systems.
• Manage resolution of public complaints and requests for information.
• Develop and monitor Quality Management Systems and Information Security Management Systems.
• Supervise knowledge management and dissemination activities.
• Develop and review the Department’s citizen service delivery charter.
• Implement corruption prevention and mitigation strategies.
• Ensure adherence to Corporate Governance principles and relevant policies.
• Supervise staff training, coaching, mentoring, and development programs.

Requirements for Appointment:

• At least eight (8) years of relevant work experience, with five (5) years in a managerial role.
• Bachelor’s Degree in Commerce, Finance, Economics, Actuarial Science, Business Information Technology, Business Management, Business Administration, or equivalent.
• Master’s degree in related fields is an added advantage.
• Professional qualification in accounting, risk management, actuarial science, financial analysis, or fraud examination.
• Management course certification is desirable.
• Proficiency in computer applications.
• Membership in professional bodies such as ICPAK, GARP, ICIFA, IRM, CFA, ACFE, PRMIA, IIA, ISACA, CRM, or Actuarial Society.
• Professional qualification in accountancy, risk management, financial analysis, fraud examination, internal audit, information technology, or actuarial science.